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Lottery Industry News from Public Gaming Research Institute

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Posted on Sunday February 17, 2019

Kentucky Lawmakers Question If Online Gambling Can Help Fund Pension System

If House Bill 175 passes, online betting could be legal in Kentucky. If it’s legal, that means the state can tax it. That new tax money can then help pay for part of Kentucky’s pension system.

Posted on Sunday February 17, 2019

West Virginia's Del. Jason Barrett introduced the West Virginia Lottery Interactive Wagering Act, HB 2934, on Friday

If passed, the bill would legalize all forms of online gambling and allow for online casinos in the state.

Posted on Sunday February 17, 2019

Things change: Arguably the most powerful banker in the world reverses course on cryptocurrency

Jamie Dimon of JPMorgan Chase reviled cryptocurrency just 18 months ago as a “fraud” and “stupid”. Now, his bank is set to become the first U.S. bank to launch its own digital currency. If Blockchain combined with cryptocurrency can form the basis for a legitimized, self-contained, self sufficient ecosystem in the financial sector, could it do the same in the gambling sector? And won't that pose troublesome regulatory challenges?

Posted on Friday February 15, 2019

Idaho Lottery Kicks-off 30th Anniversary with Commemorative Scratch Game

“The success of the Lottery over the past three decades has been truly remarkable,” stated Jeff Anderson, Idaho Lottery Director. “To be approaching nine hundred million dollars in returned dividends to the public schools and permanent buildings of Idaho in just thirty years has certainly exceeded the expectations of those who created the Lottery in 1989.”

Posted on Friday February 15, 2019

How loot boxes extract money from players

Scoring the most points or unlocking more exciting stages in a video game used to require practice and patience. Today, gamers can skip the grind and simply pay to get ahead by buying so-called loot boxes -- virtual vaults containing items such as tokens, better weapons or faster cars.

Posted on Friday February 15, 2019

Veikkaus prepares for major changes in its operating environment, focusing on digital channels to compete with international competition

President and CEO Olli Sarekoski: ”In 2018 Veikkaus prepared for major changes in its operating environment. Gaming is shifting from the points of sale towards the digital channel, where Veikkaus also faces competition from foreign operators. Veikkaus must develop its operations to succeed in international competition. Succeeding in the competition and ensuring our ability to channel gaming also provide the basis for the exclusive right and its continuation. We want to be able to provide games responsibly even in the future, minimizing game-related harm and channelling gaming revenue to the benefit of Finnish people.

Posted on Wednesday February 13, 2019

IGT Expands its Senior Leadership Team

Bob Vincent to Become Chairperson of IGT Global Solutions Corporation; Wendy Montgomery Named Senior Vice President of Global Brand, Marketing, and Communications; and Scott Gunn Appointed Senior Vice President of Corporate Public Affairs

Posted on Sunday February 10, 2019

Tabcorp reportedly files complaint against Lottoland

Lottoland claims to have 750,000 users and offered Australians the chance to bet on the outcomes of major American lotteries such as Powerball. Then, Legislation that was passed in June 2018 that bans Lottoland and others from offering customers the ability to bet on the outcomes of international lotteries. Following the ban, the Gibraltar-based Lottoland launched ‘jackpot betting’. Lottoland’s ‘Jackpot betting’ determines winners by taking specific numbers from financial markets like the ASX and New York Stock Exchange at particular times of the day, arranging them into one long number, and using a computer calculator to convert it into the winning lottery numbers.

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